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EUR/USD still rising, takes out minor hourly resistance

An hourly high at 1.3215 has been breached but progress is slow and orderly and a high at 1.3221 has been posted. Dealers expect any dips back towards 1.3170 to meet with plentiful support. Any rallies towards range highs at 1.3300 are also likely to attract plentiful supply, so we may need some patience as the market figures out its comfort zone. Next hourly highs are situated near 1.3280.

Commercial traders hold over 75% of the total market in longs, Open interest dropped by 11%. I dont think fools are the price movers. Euro is going up because there is plenty short covering.With historically high open interest there is nobody left to sell. Greek situation isnt relevant in 3trillion a day market. They cant pay, we all know that. If they are out from EU IT IS BULLISH FOR EURO.

Commercial traders hold over 75% of the total market in longs, Open interest dropped by 11%. I dont think fools are the price movers. Euro is going up because there is plenty short covering.With historically high open interest there is nobody left to sell. Greek situation isnt relevant in 3trillion a day market. They cant pay, we all know that. If they are out from EU IT IS BULLISH FOR EURO.

Ignored

say not foools not stupids the fact say the opposite
same foools stupids buying eurousd are the ones selling eurochf
tell me who but a fool stupid is a bear of eurochf and bull of eurousd
how the first spikes 300 pips and the latter cant break 1.21!!!!!!!!!!!!!
on other hand we cant remove the obvious manipulated market conspiracy

say not foools not stupids the fact say the opposite
same foools stupids buying eurousd are the ones selling eurochf
tell me who but a fool stupid is a bear of eurochf and bull of eurousd
how the first spikes 300 pips and the latter cant break 1.21!!!!!!!!!!!!!
on other hand we cant remove the obvious manipulated market conspiracy

Ignored

market doesn't move according to your expectation. So don't get too emotional when it doesn't. And when the market doesn't move according to your expectation, it is probably not manipulated, it's probably some random occurred.

market doesn't move according to your expectation. So don't get too emotional when it doesn't. And when the market doesn't move according to your expectation, it is probably not manipulated, it's probably some random occurred.

Ignored

hahaha not taking any market sh** emotionally
"""it is probably not manipulated""" HAHAHA
convince me with other thing
a eurousd 4 hour candle last friday goes up 200 pi is not manipulation it took pair 3 days to reach that candle low price or wat do you say gbpusd friday 4 hour candle reach high price of 4 days ago nzdusd audusd wat do u want examples more on other hand eurochf range of highest top 1.2100 wat do u name that not manipulation??????!!!!! all traders have same chemistry in thoughts stop buying eurochf 1.2100, others bought all the sudden the other pairs for a 4 hour candle 200pip------- if u ever think market is not manipulated u r being laughed at, u can lessen ur losses and all that stuff but fact is market manipulated, had u ever think for once how market work smoothly sometimes at some levels are all hedge funds investors traders ppl combining same trading view at one price, all buy or sell, as one person once told forexpeacearmy that a big devil computer is running the market, who got attacked largely by many, his description is funny and not realistic(devil haha) but the main idea is definitely correct, the market movement is suspicious, you can deal with it and win money for your life but it might take them in an eye close as it gave them-------- be careful dont trade at some times of market not normal moves like nowadays where greece bailout is the said problem for that trading at such circumstances is not worth the risk to reward better stand aside watch and take lessons

i think the non-commercial numbers are more important since they represent the large speculators.They are net short by record numbers which means the selling is overdone and a bit of short covering is happening...in the midterm that is...but the larger trend is still down.

i think the non-commercial numbers are more important since they represent the large speculators.They are net short by record numbers which means the selling is overdone and a bit of short covering is happening...in the midterm that is...but the larger trend is still down.

Ignored

Not necessarily. Non- commercials are trend followers and commercials hedge.
Non- commercials will be extremely net short on the end of the downtrend ( as they are now) and then they start to cash out long positions. Open interest has fallen over 12%.This is a biggest drop in years. This is massive short covering. OI fallen from the RECORD high levels of 310K. It means that everyone has been selling euro. There is nobody left now. The price must rise. How much? Will see. I recon it will take a massive move up to unwind this dynamic in Euro futures.

say not foools not stupids the fact say the opposite
same foools stupids buying eurousd are the ones selling eurochf
tell me who but a fool stupid is a bear of eurochf and bull of eurousd
how the first spikes 300 pips and the latter cant break 1.21!!!!!!!!!!!!!
on other hand we cant remove the obvious manipulated market conspiracy

Ignored

I am guessing you are now stopped out of your short trade as high for the day (with the bank holiday in US) is 1.3278.